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VORADictionaryC1Exchange rate
CEFR C1 — Advanced

Exchange rate

Definition

(formal) The value of one country's currency in terms of another country's currency, used to determine the price of imports and exports.

Example Sentences

1The fluctuating exchange rate between the US dollar and the euro has significant implications for international trade.
2Can you explain how the exchange rate affects the cost of living for expatriates in Japan?
3A stable exchange rate is crucial for attracting foreign investment and promoting economic growth.
4The company's profits were negatively impacted by the unfavorable exchange rate during the quarter.
5Economists closely monitor the exchange rate to predict future trends in global commerce and finance.

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